🌐 GLOBAL CRYPTO MARKET

📉 12. Bitcoin Recovered to $87,000, but Market Remains in Extreme Fear Zone

Bitcoin recovered to $87,000 after falling to $82,000, but the fear and greed index remains in the extreme fear zone. Analysts note that technically the bull phase ended at the beginning of the year with the first breakthrough of $100,000. The share of altcoins in total trading volume on Binance jumped to 60%.

➡️ The market is in a state of uncertainty: price recovery does not mean a return to a bull trend, and oversold conditions may signal a potential bounce.

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🚀 13. NYSE Lists XRP and DOGE ETFs from Grayscale

The New York Stock Exchange (NYSE) approved the listing of ETFs based on XRP and DOGE from Grayscale. This expands the range of available cryptocurrency ETFs for institutional and retail investors in the US.

➡️ Listing altcoin ETFs from the largest issuer opens the way for institutional money into XRP and DOGE, increasing the legitimacy of memecoins.

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💸 14. Solana ETFs Attract $568M — 20 Days of Continuous Inflows

Spot Solana ETFs have attracted $568M since launch in late October — inflows continue for 20 consecutive days. Six funds manage assets worth $843M or 1.09% of SOL's market capitalization.

➡️ Stable inflows into Solana ETFs demonstrate sustained interest from institutional investors in an Ethereum alternative.

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⚠️15. Buterin Warns of Two Threats to Ethereum Due to BlackRock's Growing Influence

Vitalik Buterin stated that unprecedented rates of Ethereum accumulation by institutional investors pose fundamental threats. The first challenge is developer outflow: the core community that has been developing decentralized infrastructure for years is unlikely to want to work with Wall Street. The second risk is pressure on technical development: investors may lobby for changes to suit their interests.

➡️ This is a philosophical conflict between decentralization and institutionalization: ETF success could mean the loss of Ethereum's ideological foundation.

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🔐 16. Upbit Lost $37M in Hack — Solana Tokens Stolen

South Korea's largest cryptocurrency exchange Upbit was hacked — damage estimated at $37M. Solana network tokens were affected. The platform committed to compensating user losses. Previously, Upbit announced plans to conduct an IPO on Nasdaq after merging with Naver for $14.5B.

➡️ The hack before the IPO creates reputational risks for the exchange, but the commitment to compensate losses shows responsibility to users.

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⛏️ 17. Bitcoin Miners' Fee Revenue Drops to Record Low — $300K per Day

Bitcoin miners' fee revenue set a record low this year, dropping to $300,000 per day — just 1% of total miner revenue. The main part continues to be block rewards (3.125 BTC). For this reason, diversification of miner income through AI-related processes is increasingly observed.

➡️ Falling fees force miners to seek alternative sources of income, and AI computing becomes a new utility for GPU farms.

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📊 18. Long/Short Ratio on Binance Rises to 3.8 — 3-Year High

The ratio of long to short positions on Binance rose to 3.8 — a high of more than three years. The metric accounts for the balance of the top 20% of largest users. A month ago, when BTC reached $126,000, this ratio was at a multi-year low below 0.6.

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